SHTP grants 2016’s first investment licences to businesses

12:35 | 10/01/2016 Economy Follow Ven.vn on

The Management Board of the Ho Chi Minh City-based Saigon High-tech Park granted the first investment licences to three projects worth nearly 100 million USD in total.

The Ho Chi Minh City-based Saigon High-tech Park (Source: VNA)

One of the projects is a high-tech research, application and production plant valued at 1.6 trillion VND (roughly 73 million USD) invested by Minh Nguyen Supporting Industries JSC.

The 4-hectare facility is scheduled to be in operation in the second quarter of this year with an annual minimum capacity of 20 million products, mainly high-tech and high-quality plastics and metal fabrication.

Under the project, the company will also partner with universities and research institutes at home and abroad to implement vocational training and courses on operation and management skills - in order to develop high-quality human resources.

Another of the licences granted is for the 20-million-USD Aureumaex Precision Plastics Vietnam project, invested by United More Sdn Bhd - that will produce plastic parts for LCD and LED TV panels for Samsung.

The factory whose construction is expected to begin in 2016 has a designed capacity of about 12 million products per year.

The third licence awarded is to ISD Hitech, a modern complex housing offices for lease, showrooms, high-end restaurants and medical centres with a total investment capital of 150 billion VND (6.6 million USD).

Overall, the Saigon Hi-tech Park (SHTP) has attracted 68 investment projects with a total registered capital of 4.1 billion USD since its establishment in 2002.

Enterprises here have exported about 10 billion USD and imported some 8.8 billion USD worth of goods./.

Source: VNA

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